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Good Slings Inc. manufactures several wood and string instruments at its factory in Thunder Bay. In particular, it is well - known for its production
Good Slings Inc. manufactures several wood and string
instruments at its factory in Thunder Bay. In particular, it is
wellknown for its production of classic guitars. Assume that Good
Slings uses a periodic inventory system and a physical count of
inventory takes place at year end. The company accumulated the
following costs and account balances for the year ended December
with respect to direct materials:In addition, the following table shows Good Slings remaining
costs for the year:
Do not enter dollar signs or commas in the input boxes.
a Calculate the cost of direct materials used in production for
the year.
Materials used in production: $Answer
b What is the total manufacturing overhead cost for the
year?
Manufacturing Overhead: $Answer
c Calculate total manufacturing costs.
Total Manufacturing Costs: $Answer
d If there is no beginning work in process inventory and ending
work in process inventory is $ what is the cost of goods
manufactured?
Cost of Goods Manufactured: $Answer
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